For context, Samsung offered the workers a one-time $340K bonus. Workers refused, since their competitor SK-Hynix has annual employee profit-sharing. SK employees are getting $477K bonuses this year, and $900K next year. The 18 day strike will cost Samsung around $250K loss per employee. This likely won’t be the last strike.
The disputes are over profits from HBM memory used in AI servers. Expect memory prices to keep going up.
Professor Song Heon-jae of the University of Seoul puts the figure higher, projecting losses of approximately 1 trillion won ($700 million) per day from factory shutdowns, Seoul Economic Daily reported on April 26.
So Samsung offered like $225 USD for a one time bonus to these employees. No wonder they’re striking
Minimum wage should be over $70 an hour just to be on par with the 1950’s. Minimum wage. If you had any solidarity with other workers, you would already be pulling in the amount they are demanding.
https://www.techspot.com/news/112343-samsung-chip-workers-reject-340000-bonus-sk-hynix.html
For context, Samsung offered the workers a one-time $340K bonus. Workers refused, since their competitor SK-Hynix has annual employee profit-sharing. SK employees are getting $477K bonuses this year, and $900K next year. The 18 day strike will cost Samsung around $250K loss per employee. This likely won’t be the last strike.
The disputes are over profits from HBM memory used in AI servers. Expect memory prices to keep going up.
Is that 340k in USD?
Quick read of the article and it only shows “$” and not ₩. So I assume that means USD.
That’s a big payout, and it shows how much we’re getting gouged for memory prices.
OP’s article sucks. It is all in Won according to this article from Tom’s hardware
https://www.tomshardware.com/tech-industry/samsungs-last-ditch-union-talks-collapse-eight-days-before-planned-18-day-chip-factory-strike
So Samsung offered like $225 USD for a one time bonus to these employees. No wonder they’re striking
Ah, that makes more sense. $225 is minimal for a “bonus” payout. Thanks for finding a better source.
Why would a company in Korea be paying Koreans in American currency?
It wouldn’t, but translating to the currency of the reader is very commonplace.
That’s a one-time, but that’s less than 200K per month (still a lot)
$400k bonus per employee? Forgive me for not shedding a tear in solidarity with them.
The article is wrong check other sources its about $400 USD per employee
Minimum wage should be over $70 an hour just to be on par with the 1950’s. Minimum wage. If you had any solidarity with other workers, you would already be pulling in the amount they are demanding.
You should demand the same if working for a company that makes the levels of money Samsung does. We’re cooked over here in the west.